The Neath conveyancing firm handling our Neath conveyancing has discovered a difference between the information in the valuation survey and what is revealed within the title deeds. My solicitor says that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach right?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We note that you have a search directory identifying solicitors on the Principality conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Neath?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Neath.
My wife and I have recently appointed a conveyancing solicitor in Neath. I I am struggling to find out whether they are on the Coventry Building Society conveyancing panel. Can you assist?
The first thing to do is e-mail the conveyancer and ask them whether they are on the lender panel. Otherwise you should get in touch with Coventry Building Society who may be able to assist.
When it comes to mortgage companies such as Santander, do Neath property lawyers incur a yearly amount to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Can you point me to a directory of Leeds Building Society panel conveyancers in Neath on the Council of Mortgage Lender’s Website?
No. There is no such facility on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings viewable over the internet. Where you are looking for a Neath solicitor on the Leeds Building Society please make the most of our tool.
After shopping around on the internet I have found a Neath conveyancer having made sure that they are on the Aldermore conveyancing panel. Does my lawyer arrange the survey of the property?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Neath postcode. As you are getting a mortgage with Aldermore, you could contact them to see if they have a list of approved surveyors in Neath.
We have an offer in principle from The Royal Bank of Scotland who suggested that they will loan up to £117k. When do I need to instruct a lawyer for conveyancing? Neath is where we plan to move to.
It would be wise to instruct a solicitor now requesting that they open a file for you. This will kickstart: 1) the estate agent to send out the Sales Memo to the relevant parties 2) the seller’s property lawyer to send out the draft paperwork. However, do not ask your conveyancer to order searches until you receive your valuation report via The Royal Bank of Scotland and you are willing to move forward.